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FG’ll pay foreign debts before other obligations- CBN gov, Godwin Emefiele

FG’ll pay foreign debts before other obligations- CBN gov, Godwin Emefiele

As Nigerians fear concerning the rising debt profile of the nation, the Governor of the Central Bank of Nigeria, Godwin Emefiele, has stated the Federal authorities will make sure the fee of international money owed earlier than settling different obligations.

 

The CBN boss stated this whereas answering questions throughout a press briefing on the ongoing International Monetary Fund/World Bank Annual Meetings in Washington DC.

 

In his phrases

“We have ensured that any of our debts due is given utmost priority, particularly foreign debt.

It is like first line charge, and the minister talks to me about it. And we ensure that wherever we are going to find the dollar, we would pay any of our debts, even before we service any obligation. That is a rule if it is Nigeria’s authentic sovereign debt.”

 

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